LPD 20.0% 0.2¢ lepidico ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-25

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    I find it a bit strange that the overall announcement was perceived as negative. Management made various statements through it that have very good objectives in the not to distant future. RC drilling assays are now soundly overdue and could be dropped at any moment. A good drill result and offtake could send this back above 4c easily. But its if and when this information is released... Interesting that we are going for more drilling in May even though management are aware of backlogs on receiving assays. Not sure why you wouldnt delay drilling if possible until the backlog drops off, anything involving labour hire atm would be put on the backburner IMHO as costs would be astronomical at present. Too much work and not enough works mean they are charging premiums.
 
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